Monell's files Chapter 11 bankruptcy - Nashville Business Journal:

ofycagvezi.blogspot.com
The beloved "meat n’ restaurant came to an impasse with its bank negotiating a refinancer of itsmain property, which is worth more than its Monell’s attorney Ernest Williams says. “Monell’s obligationj to its principalcreditor matured. The bankrupty is to allo w Monell breathing space to obtain replacement loansz or to reorganize througha bankruptcy-court confirmecd plan of reorganization,” says of . He added that Monell’s is solvent, paying its debts as they come due, and operationsa would not change duringthe negotiation.
“If should be able to continue to delivee the same quality restaurant and catering service it has come to be known he says. The Nashville institution is baseds in Germantown in an house on Sixth Avenuer owned by president Michael JohnAbraham King, and also leasesa a restaurant space in Franklin, with a catering arm on 31st